Affordable Industrial Asset with Decade Long Tenancy

The Details

Location
Brisbane, QLD
Type
Industrial
Purchase Price
$1,030,000 Going concern
Rent
$58,656 net per annum
Yield
5.69%
Cashflow
$13,791 (70% LVR at 6.5% interest rate)
Total Return (incl. capital gains)
$65,291 (cashflow + 5% growth)
Lease
3 year lease expiring 2028 with 2 x 3 yr options
Total Area
408.8 sqm

Why We Love This Property

  • Complex has a history of long term tenancies
  • Current tenant has been here for over 10 years!
  • Versatile layout with additional mezzanine
  • Fully secure complex with ample onsite parking.
  • Strong yield for this asset type and location
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